Chinese cryptocurrency and blockchain investors turning to Malta

Malta is not a strange place to many investors from China. The island nation is a member of the European Union. In the past two years, investors from China have been purchasing real estate and obtaining so called Golden Visas (legal residence permit). Malta has recently taken important steps to attract international blockchain and crypto-related companies, it is considered crypto-friendly country. OKEx, a Hong Kong based Chinese cryptocurrency exchange will soon be moving to the island of Malta.

“We look forward to working with the Malta government as it is forward thinking and shares many of our same values: the most important of which are protection of traders and the general public, compliance with Anti Money Laundering and Know Your Customer standards, and recognition of the innovation and importance of continued development in the Blockchain ecosystem,” stated Chris Lee, CEO of OKEx.

Another leading cryptocurrency exchange, Binance, is also planning to move its operations to Malta. A number of new Chinese crypto exchanges are also considering Malta as a launching pad, while some startups for ICOs are considering Singapore.